Relli Learn
Real estate due diligence: sponsors, deals and documents
Real estate due diligence is the work of checking a sponsor, a deal and its documents before you invest. These guides show how to check a sponsor's record, read the offering documents, and weigh the risks and liquidity.
Every guide
7 guides in vetting sponsors and deals
How to Vet a Real Estate Syndication SponsorCheck the people, the record and the alignment, using SEC EDGAR, FINRA BrokerCheck and the SEC's adviser search.8 min read →How to Evaluate a Syndication Deal: Questions to AskTest the business plan, stress the rent and exit assumptions, check the loan and compare deals net of fees.8 min read →How to Analyze a Real Estate Pro Forma: Assumptions to CheckRebuild the pro forma line by line, check each assumption against dated benchmarks, then change one input at a time.9 min read →How to Read a Real Estate Private Placement Memorandum (PPM)Read the terms, fees and risk factors first, test the pro forma against the T-12, then read what you sign.8 min read →Real Estate Syndication Risks: What Investors FaceTotal loss, illiquidity, leverage, capital calls, paused distributions and sponsor failure or fraud, and how to respond.8 min read →Can You Sell a Private Real Estate Investment Early?Sometimes, with the manager's consent and a buyer, usually at a discount; plan to hold until the property sells.8 min read →What Does "Institutional-Grade" Real Estate Mean?A label with no legal definition for property institutions would own; judge the asset, sponsor, structure and reporting instead.8 min read →
Keep learning
